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Spain: prosecutor probing Madoff fraud

Spain: prosecutor probing Madoff fraud

Spain's anti-corruption prosecutor has opened a probe into the alleged investment fraud run by U.S. financier Bernard Madoff to determine if any persons or organizations in Spain were cooperating in the scheme, an official said Wednesday.
The probe began at the end of December and is still in its early stages, an official at the office of prosecutor Antonio Salinas said.
The official declined to give further details, but denied news reports that Spain's Banco Santander or any other entity in particular was being investigated specifically at this point.
The official spoke on condition of anonymity in keeping with the department's regulations.
Santander, one of the euro zone's largest banks by market capitalization, is one of the companies most exposed in the $50 billion scam allegedly run by Madoff. It has said it has total exposure of


Updated : 2021-01-27 22:46 GMT+08:00